A1 Conveyancing Servicing Perth and entire Western Australia
Call Us At: 08 9300 9750

Trade Secrets

GST Withholding Measure Update

5/4/2018
Written by

The Treasury Laws Amendment (2018 Measures No. 1) Bill 2018 was passed on 29 March. Under Schedule 5 of the Bill, purchasers of real estate may be required to withhold GST on the purchase price of new residential premises and new residential subdivisions and remit the GST directly to the ATO on settlement. Generally, these new rules apply to contracts entered into on or after 1 July 2018.It does not affect the sales of existing residential properties or the sales...

AICWA remind that ACCC need to monitor-ARNECC MOR/MPR Version 5.1

10/3/2018
Written by

ARNECC MOR/MPR Version 5.1The AICWA is pleased to again had the opportunity as a key industry stakeholder to make a submission on behalf of its members regarding the draft versions of the MPR and MOR. The revised drafts raise some significant concerns in particular Rules 5.6 to 5.6.5 which limits ARNECC’s ability to regulate the behaviours of an ELNO that may have significant advantage from being the only platform or having derived significant market share from having benefited from various...

Changes to REIWA General Conditions in 2018

21/2/2018
Written by

Some highlighted changes to the 2018 version of Joint Form of General Conditions (JFGC), might mean that you could see some differences to the 2011 JFGC. Please note, we are not lawyers and are merely relaying some discussions as generically covered in an industry forum. The biggest concern was the ‘Lawyers picnic’ referenced as clause 9.3, where opposing lawyers could argue just about any outcome they desired, for a breach of warranty. Service by email still needed to be ‘signed’...

How will you manage change in 2018?

13/2/2018
Written by

How will you manage change in 2018? Are you ready for: e-Conveyancing? GST remittance? VOI for paper-based transactions? The new version of the Joint form of General Conditions? Property Reporting Online And that’s just in the next 6 months!  What will the rest of 2018 serve up to conveyancers?Don’t get left behind!AICWA is proud to have partnered with sponsors and key industry stakeholders to deliver a broad calendar of training events. We are committed to assisting you by delivering quality training outcomes...

Number of practising WA Settlement Agents

5/2/2018
Written by

A review of the latest licensing information for WA settlement agents reveals that in the last 12 months there has been a slight decline over most categories.  Given market conditions, natural attrition as well as unprecedented change it’s not surprising the total number of licences held in WA is down from 574 in 2017 to 554 in 2018.  Note: Information is current as of the 1st May 2018Source:2nd May 2018 AICWA e-Newsletter

Author, Damien McDonnell

BLOGGER

Damien McDonnell betrothed to my first true love & father to 5 fantastic little persons and one food obsessed beagle.

Categories

Archives